The Story of TAC Security, securing all UPI Based Applications

The Security and Vulnerability Management Market values at USD 6.61 billion in 2019. The market expects to reach USD 11.72 billion by 2025, at a CAGR of 10% over the forecast period 2020 - 2025. As the current cybersecurity threat landscape is uniformly evolving, organizations need to be proactive in their threat and vulnerability management efforts. The efficiency of vulnerability management depends on the organization’s ability to keep up with current security threats and trends. Here's where TAC Security comes in play.

TAC Security is the first Indian cyber-security company that makes policies and strategies for an international law enforcement agency. The company also offers its services to National Payments Corporation of India (NPCI). There, it assesses vulnerabilities in all UPI-based applications, various banking institutions. Thus, read Trishneet Arora, Founder & CEO, TAC Security talk about the journey of the company.

The Customer

TAC Security specialises in securing the IT infrastructure and data digital assets of prominent enterprises, government organisations/departments, PSUs, etc. across the globe. Its distinguished clientele includes some Fortune 500 companies, hailing from industries as diverse as BFSI, IT, telecom, start-up, manufacturing and automobile. We manage 5+ million vulnerabilities through its Artificial intelligence (AI) based Vulnerability Management Platform ESOF (Enterprise Security in One Framework).

TAC Security is the first Indian cyber-security company to be involved with policymaking and strategizing of cyber-security policies for a US-based law enforcement agency. The company also offers its services to the National Payments Corporation of India (NPCI) to assess vulnerabilities in all UPI-based applications, various banking institutions.

The Challenge

Since employees have to work from home given social distancing in the event of a global outbreak of Coronavirus, this puts employee's devices at greater cyber risks. This is mainly because since the home networks of cannot sufficiently tackle such threats. To prepare for the same, we at TAC Security have put security system software in place for all the devices for the company that we constantly monitor. The software that we have deployed are sort of two-way street, assuring us of the highest degree of security that’s possible.

Additionally, TAC Security is active and constantly available 24*7. They have prepared themselves with research to stay up-to-date to combat cyber threats. Besides, we have mock testing drills to systemize and ensure efficiency.

The Solution

Recently, CERT-In-empanelled organizations assessed 90 information security companies to empanel with the government as cybersecurity auditors. The audit report resulted in the ousting of 57 cybersecurity companies, including industry bigwigs from the panel. The development reinstates TAC Security’s position as the top and a credible cybersecurity solution provider.

We follow a proactive approach that leverages security auditing, vulnerability assessment and penetration testing to identify vulnerabilities and information risks in corporate networks. The AI vulnerability management platform ESOF (Enterprise Security on One Framework) is a one-of-its-kind dashboard that uses AI algorithms to manage vulnerabilities and provide real-time security insights and solutions. The platform also serves as a knowledge-sharing resource for seamless exchange of best practices in enterprise security.

TAC is empanelled CERT-In. Thus, it offers its range of state-of-the-art products and services to more than 150 domain-leading organisations. TAC Security is also the first Indian cybersecurity company to be involved in cybersecurity policymaking and strategy for a US-based law enforcement agency.

We are responsible for the end-to-end security assessment of all UPI-based applications. And since 2017, we have worked closely with the National Payments Corporation of India. NPCI has appreciated TAC Security for being a part of Prime Minister Modi's "Digital India" vision. We are also working with several government agencies – both in India and internationally to secure their internal networks and assist in the creation of security-oriented policies.

The Theme

The convergence of digital technologies and business processes has made the IT infrastructure and systems vulnerable and enhanced the need for businesses to have robust cybersecurity systems in place. The poor visibility of network vulnerabilities has resulted in a growing number of high-profile application breaches. Many organizations do not have the resources and insights needed to identify, prioritise and mitigate the existing and upcoming threats. This has impacted their ability to combat cyber threats efficiently. Where TAC Security plays an important role in any organisations & help them from hackers and cybercriminals.

Since the data is collected from across the enterprise IT infrastructure; ESOF can also analyze the network security posture in greater depth and present actionable insights that they can seamlessly implement with a few clicks. Such solutions can help security teams streamline their operations while ensuring more robust threat defence across the board

The Implementation

Today, every company must have a cybersecurity policy that includes remote networking with regular reviews. Security policies must be adequate for multiple workers working remotely and must include the use of personal devices.

Companies must adjust their security tools for a remote work setting. At the same time, companies must ensure that they train the employees to adhere to security protocols while working remotely. They must lay clear guidelines and procedures for employees to follow in a remote work setting. Employees must secure that their home Wi-Fi connection and update antivirus software. Personal laptops and devices must have the same security levels and standards as company-owned devices.

In case of a security incident, companies must have a clear action plan in place. This should help them detect a threat and minimize its impact. Companies must also adopt a suitable backup strategy to secure important data.

Results

The global cybersecurity market is expected to grow from $149.46 billion in 2019 to $152.21 billion in 2020 at a compound annual growth rate (CAGR) of 1.83%. The market is then expected to recover and reach $208.28 billion in 2023 at CAGR of 11.02%.

The two threats are currently witnessing are - cyberattacks on core infrastructure and cyberattacks on corporates. Consumers take responsibility for their personal cybersecurity. However, there is need for a regulatory system to be implemented by the government and enterprises that are ultimately accountable. This helps them to understand the role that each individual has to play. Hence, here’s a big opportunity for organizations to use strong cybersecurity as a competitive advantage.

We are anticipating a huge demand from various government departments as their trusted cybersecurity solution provider. TAC Security is the current cybersecurity partner for NPCI, NSDL, HDFC, Reliance. Further, several global government agencies across several countries including the US have partenered with TAC.